Client: Rabba Family Office
Colliers is leading the development management of this large-scale, transit-oriented, mixed-use community in the heart of downtown Toronto. This is a large-scale intensification of an assembly of several retail properties near the important intersection of Yonge Street and Bloor Street. The plans contained in the rezoning application submitted to the City of Toronto propose a 57-storey, 530,000+ gross square-foot structure with retail on floors 1 & 2, and 606 residential units above, 40% of which will be two- and three-bedroom suites suitable for families.
Scope of Services
Colliers is acting as the Owner’s Representative Development Manager and leading the entitlement program through rezoning and site plan approval, including procurement and management of all project team consultants, advancement of design development, study of market dynamics, oversight of political and community stakeholder engagement processes, evaluation of construction methodologies and cost estimates, and ongoing financial analysis.
The rezoning application was submitted on November 4, 2021, and this project will successfully be inoculated from the financial impacts of Inclusionary Zoning.